Cetera Advisor Networks LLC Lowers Holdings in The Clorox Company (NYSE:CLX)

Cetera Advisor Networks LLC trimmed its holdings in The Clorox Company (NYSE:CLXFree Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 35,941 shares of the company’s stock after selling 3,286 shares during the period. Cetera Advisor Networks LLC’s holdings in Clorox were worth $5,125,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CLX. Fortitude Family Office LLC purchased a new position in Clorox in the fourth quarter worth approximately $29,000. Northwest Financial Advisors purchased a new position in Clorox in the fourth quarter worth approximately $29,000. First United Bank & Trust acquired a new position in Clorox during the fourth quarter worth $31,000. Tyler Stone Wealth Management lifted its stake in Clorox by 64.5% during the third quarter. Tyler Stone Wealth Management now owns 255 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Hartford Financial Management Inc. lifted its stake in Clorox by 57.1% during the fourth quarter. Hartford Financial Management Inc. now owns 256 shares of the company’s stock worth $37,000 after purchasing an additional 93 shares in the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Clorox Stock Performance

Shares of CLX stock opened at $132.97 on Monday. The stock’s 50-day moving average is $139.82 and its two-hundred day moving average is $144.56. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 68.90, a PEG ratio of 2.05 and a beta of 0.39. The Clorox Company has a 1 year low of $114.68 and a 1 year high of $169.14. The company has a debt-to-equity ratio of 9.73, a quick ratio of 0.53 and a current ratio of 0.90.

Clorox (NYSE:CLXGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.38. Clorox had a return on equity of 302.49% and a net margin of 3.33%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company posted $1.51 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Analysts predict that The Clorox Company will post 5.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on CLX shares. Wells Fargo & Company decreased their price target on Clorox from $140.00 to $135.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. The Goldman Sachs Group started coverage on Clorox in a research note on Friday, March 1st. They set a “sell” rating and a $140.00 price target on the stock. Jefferies Financial Group upgraded Clorox from an “underperform” rating to a “hold” rating and set a $145.00 price target on the stock in a research note on Tuesday, March 26th. Morgan Stanley restated an “equal weight” rating and set a $160.00 price target on shares of Clorox in a research note on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $146.43.

Check Out Our Latest Stock Analysis on CLX

About Clorox

(Free Report)

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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